Quaero European Infrastructure Fund II (QEIF II), an infrastructure investment fund managed by Quaero Capital, has acquired 100% of the shares of DIGITALAS EKONOMIKAS ATTISTIBAS CENTRS SIA (DEAC), a leading carrier-neutral data center operator in the CEE. The transaction value was not disclosed.
DEAC provides secure data center services to customers from over 40 countries. Since 1999, DEAC aims to provide complete data center services and individual IT solutions. DEAC operates two physical data centers in Riga with large expansion capacities and POPs in London, Frankfurt, Stockholm, Amsterdam, Moscow and Kiev. DEAC offers a wide range of customized IT solutions that allow business protection and optimal cost reduction by analyzing business needs in accordance with company strategy and its business objectives. "Company managers at all levels are motivated to continue their work and to develop business in the long term, achieving ambitious goals," comments DEAC CEO Andris Gailitis.
QEIF II is a EUR 500 million-infrastructure fund managed by Quaero Capital, an independent asset management company. QEIF II invests across Europe in essential infrastructure projects in sectors such as energy & renewable, social infrastructure, telecom, utilities and transport. As a new shareholder, QEIF II will consolidate DEAC business model, strengthen the company's financial resources and accelerate its development in the coming years.
Quaero Capital is an experienced investor in the field of telecom with several investments in the area of optic fiber (FttH, FttO) as well as data centers across Europe. The company notably announced in July 2020 the acquisition of 100% of the shares of the Lithuanian optic fiber and data center operator UAB Duomenų logistikos centras (DLC).
SUMMA Advisers acted as a financial adviser and Ellex Valiunas as a legal adviser to the buyer. V1 Finance acted as a financial adviser and Triniti as a legal adviser to the sellers.